Interest futures eased on Friday, heading for a bearish week where Treasury yields and the dollar soared. The Trump trade continued boosting Treasury yields due to the prospects of robust growth and high inflation. At the same time, hawkish Fed remarks lowered the likelihood of a rate cut in December. 10-year US Treasury yield (Source: Read More…
Oil paused its decline and rebounded slightly on Thursday after reaching new lows in the previous session. Moreover, data on Wednesday revealed a bigger-than-expected drop in US crude inventories, indicating strong demand. US inflation (Source: Bureau of Labor Statistics, Bloomberg) Oil collapsed Wednesday as the dollar rallied to an over seven-month high amid optimism over Read More…
Gold prices edged higher on Wednesday, halting the recent collapse caused by Trump’s election win. The pause came as market participants geared up for the crucial US inflation report, which will give clues to future Fed policy moves. Gold (Source: Bloomberg) Gold has fallen since Trump won the US presidential election. Trump’s win led to Read More…
Equities closed at record highs on Monday as optimism over Trump’s presidential win extended into the fourth day. Investors are buying more stock in companies like Tesla, which will likely benefit from Trump’s reelection. At the same time, his proposal to cut taxes will benefit smaller companies. S&P 500 index (Source: Bloomberg) Since Trump won Read More…
Most currency futures fell on Friday, apart from the yen, as the dollar ended strong after Trump’s presidential win. The outlook for Fed rate cuts shifted slightly as analysts predicted higher inflation under Trump’s administration. Dollar (Source: Bloomberg) US political uncertainty ended on Wednesday last week as Trump claimed victory in the presidential race. The Read More…
Interest futures rallied on Thursday and Friday as Treasury yields fell after the US central bank lowered rates by 25-bps. The rally came after a dip to new lows due to fears of higher inflation and interest rates with the new Trump administration. Treasury yields eased on Thursday as the Trump trade faded. Initially, yields Read More…
